Goodwin’s Private Equity and Technology teams advised a consortium of six financial institutions, including Barclays, Credit Suisse's NEXT Investors, HSBC, J.P. Morgan, Prudential and Wells Fargo, on their investment in SIMON Markets LLC ("SIMON"). Financial terms of the transaction were not disclosed.
SIMON is a financial technology company delivering an intelligent and innovative platform for financial advisors to access structured investments and other packaged products. With the new group of investors and issuers, SIMON will be able to deliver real-time access to a comprehensive suite of products and enable scalable education and enhanced workflow automation of this growing investment alternative for advisors and the retail market they serve.
The cross-disciplinary Goodwin team was led by partners Scott Joachim, David Johanson and counsel Tamira Goldberg and included partners Joel Lehrer, Lynda Galligan, Paul Jin, Brian Pastuszenski, Peter LaVigne, William Stern and Jason Vollbracht; counsel Kirby Lewis; and associates Aselle Kurmanova, Sophie Stramm and Julian Landau-
For additional details, please read the press release.